Free Trial

USDTRY touched lifetime highs of Try4.9743...>

TURKEY
TURKEY: USDTRY touched lifetime highs of Try4.9743 yesterday following President
Erdogan predicting a fall in interest rates. The Turkish Lira has improved
against the USD today with a steady reversal to Try4.7844, aided by a near
$700mn in foreign currency sales by reported local retail accounts. Focus turns
to the next monetary policy committee decision on July 24. USDTRY has since
bounced, last Try4.8357.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.